County property tax calculator
Property Tax Calculator for Knox County
Knox County falls close to the national property tax average. At 1.253%, the effective rate is within a range that most US buyers see as typical — roughly in line with the 1.07% figure that governs the national conversation. On the county's median home value of $290,800, the annual tax bill lands at $3,644, or about $304 per month paid through escrow. The result is a tax load that neither stands out nor surprises. For buyers comparing this county with neighbors, the property tax line will look familiar. Escrow analysis each year will adjust for changes in assessed value, but the rate itself is stable and predictable for budget planning. Knox County's median home value of $290,800 falls roughly in line with the Maine state median. This is a balanced market — neither stretched at the top nor unusually affordable at the bottom. Buyers see a mix of entry-level homes, mid-range move-up inventory, and occasional higher-end listings. Financing flexibility is broad: conventional, FHA, VA, and USDA programs all apply depending on the buyer's profile and the property's location. For budgeting, the county-level median gives a reasonable anchor, though actual pricing varies block by block. Long-term ownership here typically follows the broader regional market rather than running far ahead or behind it.
Property Tax Details
National average is 1.07%
Used to project future tax burden
Annual Property Tax
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Insights
Property Tax Landscape in Knox County
Knox County taxes property at 1.253%, moderately above Maine's average of 1.15%. On a median home, the difference adds roughly $300 per year compared with the state figure. For buyers weighing this county against neighbors, the extra tax load is real but not extreme — typically offset by local amenities, school quality, or access to employment. Escrow at this level adjusts annually with assessed value. Buyers should model the county rate in their monthly budget rather than relying on state averages, since even within Maine, rates vary widely by jurisdiction. Within Maine, Knox County ranks as the 3th highest of 16 counties by effective property tax rate.
Knox County's median home value of $290,800 falls roughly in line with the Maine state median. This is a balanced market — neither stretched at the top nor unusually affordable at the bottom. Buyers see a mix of entry-level homes, mid-range move-up inventory, and occasional higher-end listings. Financing flexibility is broad: conventional, FHA, VA, and USDA programs all apply depending on the buyer's profile and the property's location. For budgeting, the county-level median gives a reasonable anchor, though actual pricing varies block by block. Long-term ownership here typically follows the broader regional market rather than running far ahead or behind it. Median household income in Knox County runs below the Maine state average at $71,903. Buyers here often rely on FHA, USDA, or state down-payment assistance programs to make the numbers work. The price-to-income ratio of 4.0x is workable but requires planning. Households at the median can typically qualify for conventional or FHA financing at current rates. Median gross rent runs $1,079 per month, giving renters a baseline to compare against ownership costs in the same market.
Property Tax Scenarios — Knox County
These scenarios cover a range of purchase prices that reflect the county's balanced housing mix. Whether buying near the median or stretching toward the upper end, the tax component follows the same effective rate. Use the table below to compare annual and monthly impact across realistic price points.
| Home Value | Annual Tax | Monthly Escrow | 10-Year Total |
|---|---|---|---|
| $145,000 | $1,817 | $151 | $18,168 |
| $220,000 | $2,757 | $230 | $27,566 |
| $290,000 | $3,634 | $303 | $36,337 |
| $435,000 | $5,451 | $454 | $54,506 |
| $580,000 | $7,267 | $606 | $72,674 |
Frequently asked questions
The questions below address what buyers typically want to know about property tax in Knox County — rate, escrow, deductibility, and how it compares to the state. All answers use county-specific figures.
What is the property tax rate in Knox County?
Knox County has an effective property tax rate of 1.253%, close to the national average (national average: 1.07%). On a median home of $290,800, that's about $3,644 per year, or $304 monthly through escrow.
How much are property taxes on a home in Knox County?
At the county median of $290,800, annual property taxes run roughly $3,644, collected through mortgage escrow at about $304 per month.
How does Knox County compare to Maine?
Knox County's 1.253% rate is moderately above Maine's statewide average of 1.15%. The difference equals about $300 per year on a median home.
What is the median income in Knox County?
Median household income in Knox County is $71,903 (Census ACS 2023). Median gross rent runs $1,079 per month.
Are property taxes deductible in Knox County?
Yes, property taxes are deductible on federal returns when you itemize, subject to the SALT cap ($10,000 for most filers). Knox County homeowners paying $3,644 annually may benefit if their combined state and local tax burden exceeds the standard deduction.
How are property taxes calculated in Knox County?
The county assessor multiplies your home's assessed value by the local tax rate. On a $290,800 home at the county's effective rate of 1.253%, the annual bill is approximately $3,644.
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Disclaimer: This calculator and the content on this page are for educational purposes only. They do not constitute financial, legal, or tax advice. Rates, loan limits, and eligibility criteria vary by lender, location, and borrower profile. Always consult a licensed financial professional before making borrowing decisions. CalcPier is independent and not affiliated with any lender listed on this page.
